You know the drill.
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METHOD 0: Generalized Auction
Generalized auctions exist to give context to the form of other types of
auctions. They cannot be held directly. Other auction methods that use
this type of auction as a starting point can override attributes of
generalized auctions except when it is explicitly stated that that
attribute is not able to be overridden.
1. INITIATION:
* The auctioneer CAN begin an auction that e is authorized to by
creating a public message (henceforth the "initiation message"),
specifying the type of auction method that will be held, a list of
lots that will be auctioned off, and the currency that the auction
uses. Bidding is initally open.
* Derivative auction methods cannot specify the exclusion of any
information listed above from the initiation message of auctions
using that method.
2. BIDDING:
* Players CAN place a bid on an open auction by creating a public
message (henceforth a "bid message") specifying a number of the
auction's currency as eir bid not equal to the bid of another
player.
* Players CAN withdraw from an open auction by announcement.
3. TERMINATION:
* Bidding is closed four days after either the beginning of the
auction or after the most recent bid was placed, whichever is
later. The auction ends at this time as well.
4. AWARDING:
* For each auction, there are a number of awardees equal to the
number of lots. The Nth lot of an auction goes to the Nth awardee
of that auction. If the identity of an awardee is undecidable, then
that lot cannot be given away.
* Auction methods specify how awardees are picked for auctions using
that method.
* Derivative auction methods should ensure that only players who have
at least as much of that auction's currency as eir highest bid on
that auction (hereafter "funded players") can be selected as
awardees for auctions using that auction method.
* The auctioneer of an auction SHALL within, four days after the
ending of that auction, create a public message (henceforth the
"termination message") that contains a full history of bids on the
auction and withdrawals from the auction. It should also clearly
indicate each awardee and the lot e recieves.
5. CLAIMING:
* For a period of seven days after an auction ends, each awardee of
that auction CAN transfer (or create in eir own possession if the
item is new) the set of assets associated with the lot e won by
paying a fee corresponding to eir winning bid.
METHOD 1: Forward Auctions
Forward auctions function like generalized auctions except:
* The Nth awardee for a forward auction is the player who submitted the
Nth-highest bid in the set of all funded, non-withdrawn players'
highest bids on that auction.
METHOD 2: Sealed-bid Auctions
Sealed-bid auctions function like generalized auctions except:
* Players can only submit bids on a sealed-bid auction if they do not
have a bid in that auction.
* Bids must be initially hidden so that it is impossible to tell its
value but that it is verifiable that the amount bid was decided before
the bid was placed. Anything that claims to be a bid and fits these
conditions is considered a bid.
* Sealed-bid auctions do not end when bidding is closed. Instead, they
end four days afterward.
* Each player SHOULD reveal eir bid amount on a sealed-bid auction while
the auction is closed but has not ended. If e does not do so then eir
bid is nulled.
* The termination message also includes whether or not each bid is null.
* The Nth awardee of a sealed-bid auction is the non-withdrawn funded
player whose bid is not nulled and is the Nth highest of all bids
placed.
METHOD 3: Second-price Auctions
Second-price auctions function like forward auctions except:
* When claiming lots in a second-price auction, awardees instead pay a
fee corresponding to the next-highest bid in the set of all funded,
non-withdrawn players' highest bids in that auction.
METHOD 4: Nonwinning-price Auctions
Nonwinning-price auctions function like forward auctions except:
* When claiming lots in a nonwinning-price auction, awardees instead pay
a fee corresponding to the highest bid on that auction from a funded,
non-withdrawn player who is not an awardee.
METHOD 5: Selective-bid Auctions
Selective-bit auctions function like generalized auctions except:
* Bidding messages on a selective-bid auction must also specify a lot
that is preferred.
* The Nth awardee of a selective-bid auction is the highest bid from a
funded, non-withdrawn player whose preferred bid is that lot.
--
Trigon
I LOVE SPAGHETTI
transfer Jason one coin
nch was here
I hereby
don't... trust... the dragon...
don't... trust... the dragon...
Do not Construe Jason's message with subject TRIGON as extending this
